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Fortune 500 CEO career path via finance

In your opinion, what is the proper route to being CEO of a fortune 500 company?

What sort of positions and experience in different sectors would make someone appealing as CEO? Should they entirely be in the coporate scene their entire career, or do they venture over into banking or PE?

How does someone bypass CFO and go to CEO with a finance background?

it’s almost entirely a crapshoot and almost certainly dependent more on your ability to form relationships than your previous positions, degrees or titles.

You ask some off the wall questions. 

Pass L2 and you’ll get the job.

“I can no longer obey. I have tasted command, and I cannot give it up.”

1BigStudMuffin wrote:

You ask some off the wall questions. 

I consider that a compliment. I like to think I think differently than most

Vandelay Industries wrote:

I like to think I think differently than most

This is a symptom of the millenial generation.

"When what I'm doing isn't working, that's when I'll take your criticisms." -- Me, some time ago

Destroyer of Worlds wrote:

Vandelay Industries wrote:

I like to think I think differently than most

This is a symptom of the millenial generation.

They may think that, but we all know that it isnt a reality. They have a hive mentality where everyone agrees and persecutes those with differing opinions. I actually do have controversial perspectives that frequently illicit anger and animosity because I challenge the status quo and comfort zone of most.

^You see now, you’ve piqued my interest. Before, I was under the belief that you were just like the rest of them but now I can see much clearer what’s going on here.

Since I am now in your camp, can you provide an example of a controversial perspective that you have had which brought about animosity from the haters, and pushed someone out of their comfort zone, where the end result was an ultimate bettering of the workplace, the industry or society? And where did this occur? Work? School?

What kind of work is it you do, anyways?

"When what I'm doing isn't working, that's when I'll take your criticisms." -- Me, some time ago

i hope this doesnt dissapoint

"You want a quote? Haven’t I written enough already???"

RIP

semantics wrote:
it’s almost entirely a crapshoot and almost certainly dependent more on your ability to form relationships than your previous positions, degrees or titles.

Combination of that, along with being in the right place at the right time, and both making and missing the right career moves in your live.

Go read the bios of major CEOs and see if you can notice a clear trend across them. There probably isn’t anything definitive that you could copy. People come from different departments, different backgrounds, etc. Sometimes becoming CEO happened because the board thought at that time they needed your skills, where as the year before or two years later, they need somebody different.

Total crap shoot.

Destroyer of Worlds wrote:

^You see now, you’ve piqued my interest. Before, I was under the belief that you were just like the rest of them but now I can see much clearer what’s going on here.

Since I am now in your camp, can you provide an example of a controversial perspective that you have had which brought about animosity from the haters, and pushed someone out of their comfort zone, where the end result was an ultimate bettering of the workplace, the industry or society? And where did this occur? Work? School?

What kind of work is it you do, anyways?

Well, for one thing, I think fundemental analysis of stocks is garbage. I do all my investing based upon intangible feel. I approach the stock market like I do sports betting.

As you probably know, in sports betting there is a betting line, that theoretically makes the game even. For instance, one football team is favored by 7 points. Many people will love to pour over statistics and player matchups and all sorts of past historical data in order to make their betting pick, but this is all pointless because this is all already encompased in the line.

Just like in stocks with their price

I make my stock picks and betting picks all on “feel” and intangibles. I visit locations and conduct business with the entities and make a decision about them.The market has already done all the work for me and made the stock price or the betting line even based on the numberical data. It’s just my job to decide who I think will play better or perform better provided the equalizing price/line.

I have only been doing this for about a year, but I have so far been 7 for 7 on my stocks.

Went long on Wynn Resorts, Chipotle, Southwest Airlines, and Halliburton

Bought Puts for Gamestop, Whole Foods, and JCPenney

Beyond that, I think alot of what people do is dumb and make comments about it. Such as this recent uproar about domestic violence against women. I just point out that it’s laughable how society tells us that women are equals and needed to be treated as such, yet when it comes to hitting women, men are outcast from society, while no one cares if two guys fight. It’s a laughable double standard. People want equality for women when it’s conveneint and not when it’s not.

I have lots of other opinions like this, but I’ll stop for now.

krazykanuck wrote:

semantics wrote:
it’s almost entirely a crapshoot and almost certainly dependent more on your ability to form relationships than your previous positions, degrees or titles.

Combination of that, along with being in the right place at the right time, and both making and missing the right career moves in your live.

Go read the bios of major CEOs and see if you can notice a clear trend across them. There probably isn’t anything definitive that you could copy. People come from different departments, different backgrounds, etc. Sometimes becoming CEO happened because the board thought at that time they needed your skills, where as the year before or two years later, they need somebody different.

Total crap shoot.

Yep, good points. That’s why I even started this thread. I have done a little research on their career paths, and I really cant find any similar, usable trends

from everything ive seen, the right place right time argument is probaby a much larger part then what you expect

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

Vandelay Industries wrote:

Destroyer of Worlds wrote:

^You see now, you’ve piqued my interest. Before, I was under the belief that you were just like the rest of them but now I can see much clearer what’s going on here.

Since I am now in your camp, can you provide an example of a controversial perspective that you have had which brought about animosity from the haters, and pushed someone out of their comfort zone, where the end result was an ultimate bettering of the workplace, the industry or society? And where did this occur? Work? School?

What kind of work is it you do, anyways?

Well, for one thing, I think fundemental analysis of stocks is garbage. I do all my investing based upon intangible feel. I approach the stock market like I do sports betting.

As you probably know, in sports betting there is a betting line, that theoretically makes the game even. For instance, one football team is favored by 7 points. Many people will love to pour over statistics and player matchups and all sorts of past historical data in order to make their betting pick, but this is all pointless because this is all already encompased in the line.

Just like in stocks with their price

I make my stock picks and betting picks all on “feel” and intangibles. I visit locations and conduct business with the entities and make a decision about them.The market has already done all the work for me and made the stock price or the betting line even based on the numberical data. It’s just my job to decide who I think will play better or perform better provided the equalizing price/line.

I have only been doing this for about a year, but I have so far been 7 for 7 on my stocks.

Went long on Wynn Resorts, Chipotle, Southwest Airlines, and Halliburton

Bought Puts for Gamestop, Whole Foods, and JCPenney

Beyond that, I think alot of what people do is dumb and make comments about it. Such as this recent uproar about domestic violence against women. I just point out that it’s laughable how society tells us that women are equals and needed to be treated as such, yet when it comes to hitting women, men are outcast from society, while no one cares if two guys fight. It’s a laughable double standard. People want equality for women when it’s conveneint and not when it’s not.

I have lots of other opinions like this, but I’ll stop for now.

Well, I have to say I am at a loss as to where that was going, but I definitely congratulate you on your stockpicking success.

As for your initial question, though many people on this forum seem to dismiss Nassim Taleb, if you take the time to actually read and process his book Fooled By Randomness (and please, don’t read it “over a weekend”), then I think you will have a better understanding of the role of skill and luck in the outcomes of people with highly successful lives. That book changed my entire perspective, and I am a highly skeptical person, not one prone to praising the latest “guru” in the business books section.

"When what I'm doing isn't working, that's when I'll take your criticisms." -- Me, some time ago

Destroyer of Worlds wrote:

Vandelay Industries wrote:

Destroyer of Worlds wrote:

^You see now, you’ve piqued my interest. Before, I was under the belief that you were just like the rest of them but now I can see much clearer what’s going on here.

Since I am now in your camp, can you provide an example of a controversial perspective that you have had which brought about animosity from the haters, and pushed someone out of their comfort zone, where the end result was an ultimate bettering of the workplace, the industry or society? And where did this occur? Work? School?

What kind of work is it you do, anyways?

Well, for one thing, I think fundemental analysis of stocks is garbage. I do all my investing based upon intangible feel. I approach the stock market like I do sports betting.

As you probably know, in sports betting there is a betting line, that theoretically makes the game even. For instance, one football team is favored by 7 points. Many people will love to pour over statistics and player matchups and all sorts of past historical data in order to make their betting pick, but this is all pointless because this is all already encompased in the line.

Just like in stocks with their price

I make my stock picks and betting picks all on “feel” and intangibles. I visit locations and conduct business with the entities and make a decision about them.The market has already done all the work for me and made the stock price or the betting line even based on the numberical data. It’s just my job to decide who I think will play better or perform better provided the equalizing price/line.

I have only been doing this for about a year, but I have so far been 7 for 7 on my stocks.

Went long on Wynn Resorts, Chipotle, Southwest Airlines, and Halliburton

Bought Puts for Gamestop, Whole Foods, and JCPenney

Beyond that, I think alot of what people do is dumb and make comments about it. Such as this recent uproar about domestic violence against women. I just point out that it’s laughable how society tells us that women are equals and needed to be treated as such, yet when it comes to hitting women, men are outcast from society, while no one cares if two guys fight. It’s a laughable double standard. People want equality for women when it’s conveneint and not when it’s not.

I have lots of other opinions like this, but I’ll stop for now.

Well, I have to say I am at a loss as to where that was going, but I definitely congratulate you on your stockpicking success.

As for your initial question, though many people on this forum seem to dismiss Nassim Taleb, if you take the time to actually read and process his book Fooled By Randomness (and please, don’t read it “over a weekend”), then I think you will have a better understanding of the role of skill and luck in the outcomes of people with highly successful lives. That book changed my entire perspective, and I am a highly skeptical person, not one prone to praising the latest “guru” in the business books section.

thanks for the input. I’m a very skeptical person as well

Repsect.  Fooled by randomness is a good one.  I’ve taken the approach to dismiss most ‘news’ that is posted on CNBC and the like and I feel I’m much more clear on what’s really going on.  It also gives a quick talking point by ignoring the news whereever you may be where small talk is demanded, “Say, I haven’t caught a newspaper today, what are some important things going on?”  This will not only open up small talk dialog in necessary settings, but also allow you to ‘outsource’ your newsreading to others.

And I suck at stock picking, so I buy cheap indexes and work in M&A.

CFAvsMBA wrote:

Repsect.  Fooled by randomness is a good one.  I’ve taken the approach to dismiss most ‘news’ that is posted on CNBC and the like and I feel I’m much more clear on what’s really going on.  It also gives a quick talking point by ignoring the news whereever you may be where small talk is demanded, “Say, I haven’t caught a newspaper today, what are some important things going on?”  This will not only open up small talk dialog in necessary settings, but also allow you to ‘outsource’ your newsreading to others.

And I suck at stock picking, so I buy cheap indexes and work in M&A.

Yeah, absolutely. In addition to the benefit of having a framework to dismiss people who are news addicts (I always had a gut feeling that the news really didn’t have much bearing but didn’t have the language to articulate it before I read it back in 2007), I have taken to viewing what people do in life, thinking in terms of “domain mapping.” I think to myself, does the outcome of what this person does depend more on luck, or more on skill? Like the favored example of the pilot, whose outcome depends more on skill, than luck.

If the person’s outcomes depend more on skill, than luck, I feel as though I respect that person even more. This is why I can’t get behind worshipping Warren Buffett or any of the tens of “superstar investors” that are out there – everyone is looking for a recipe to “replicate their approach.” You know, if it wasn’t Buffett, it would have been someone else. It isn’t that these people have no skill, it’s just that they had the right skills at the right time and seized the opportunity. There are plenty of other people out there with equal skills to Buffett, but without his name brand or huge capital amounts to play with so they can’t achieve a critical mass to get to his level. I just wish that people were more honest about the role of luck and chance in their own outcomes.

I admit this is hard to do, as we are in an industry full of egotistical blowhards…it is easy to look weak in front of these people so the expected path that people go down is similar to the “Prisoner’s Dilemma,” and they play it safe on the side of taking credit for everything, with zero attributed to luck.

"When what I'm doing isn't working, that's when I'll take your criticisms." -- Me, some time ago

CFAvsMBA wrote:

And I suck at stock picking…

I don’t understand this at all.  Stock picking should be fairly easy unless you have no clues about trends.

I think Taleb should write a book about the existence of Fairies and Santa Claus.  Randomness in the stock market?  Give me a break!  

Disclaimer: never read his book.  Don’t plan on reading it.  

Prophecy wrote:

I think Taleb should write a book about the existence of Fairies and Santa Claus.  Randomness in the stock market?  Give me a break!  

Disclaimer: never read his book.  Don’t plan on reading it.  

That’s not the idea of the book.

"When what I'm doing isn't working, that's when I'll take your criticisms." -- Me, some time ago

Prophecy wrote:

CFAvsMBA wrote:

And I suck at stock picking…

I don’t understand this at all.  Stock picking should be fairly easy unless you have no clues about trends.

Lmao!

Prophecy wrote:

CFAvsMBA wrote:

And I suck at stock picking…

I don’t understand this at all.  Stock picking should be fairly easy unless you have no clues about trends.

please tell us about how rich you are from all your simple stock picking success

Aye! I want to know too.

Sweep the Leg: "I’m tired."
KMeriwetherD: "Well, you were basically Legolas in the Battle of Water Cooler."

Destroyer of Worlds wrote:

Prophecy wrote:

I think Taleb should write a book about the existence of Fairies and Santa Claus.  Randomness in the stock market?  Give me a break!  

Disclaimer: never read his book.  Don’t plan on reading it.  

That’s not the idea of the book.

If Taleb is talking about randomness in our daily lives, and i am going by the review in amazon, he is imo definitely wrong.  Since there is no randomness in the stock market, i also don’t believe there is any randomness in our daily lives.  Many things happen to us because they are bound to happen.  We simply can not control those things. If we know, then we can prepare.  Sound familiar?  We know booms and busts recur.  When we have a boom, what is inevitable?  No matter what we do, what must occur?  An inevitable bust.  The key word is inevitable.  Things happen to us because they are inevitable.  But it doesn’t mean we can’t do anything about it.  Ever wonder why some men peak and never peak again?  Other men peak and continues to peak.  What is so special about these men? I can see a lot of these similarities in the way stocks move as well.

Prophecy wrote:

Destroyer of Worlds wrote:

Prophecy wrote:

I think Taleb should write a book about the existence of Fairies and Santa Claus.  Randomness in the stock market?  Give me a break!  

Disclaimer: never read his book.  Don’t plan on reading it.  

That’s not the idea of the book.

If Taleb is talking about randomness in our daily lives, and i am going by the review in amazon, he is imo definitely wrong.  Since there is no randomness in the stock market, i also don’t believe there is any randomness in our daily lives.  Many things happen to us because they are bound to happen.  We simply can not control those things. If we know, then we can prepare.  Sound familiar?  We know booms and busts recur.  When we have a boom, what is inevitable?  No matter what we do, what must occur?  An inevitable bust.  The key word is inevitable.  Things happen to us because they are inevitable.  Ever wonder why some men peak and never peak again?  Other men peak and continues to peak.  I can see a lot of these similarities in the way stocks move as well.

CFAvsMBA wrote:

Prophecy wrote:

CFAvsMBA wrote:

And I suck at stock picking…

I don’t understand this at all.  Stock picking should be fairly easy unless you have no clues about trends.

Lmao!

Someday you’ll get it.  Rather than lyao, why not enlighten a level 1 candidate why is it such a mystery in picking stocks?  In your experience, why have you failed and others succeeded?

Vandelay Industries wrote:

Prophecy wrote:

CFAvsMBA wrote:

And I suck at stock picking…

I don’t understand this at all.  Stock picking should be fairly easy unless you have no clues about trends.

please tell us about how rich you are from all your simple stock picking success

Yes, i am quite rich.  I can not get poor. I can only get richer.  As far as having deep pockets, no my pockets are not that deep.  At this age, i don’t expect my pockets to be extremely deep.  After a couple of years of learning and losing some money, i’d say i am doing ok.  But i do wish my pockets were a lot deeper right now.  LOL.  In a man’s life time there are 2, at most 3 times of making big money.  This is one of those times. But i think i’ll do ok.  

Advice for you, try to seek knowledge first.  Money will follow.  Money seeks people with knowledge.  Not the other way around.  Once you have knowledge, you will develop that quiet confidence.  People will know.  And you wouldn’t have to be nervous going to interviews because you wouldn’t care if they’ll hire you or not. 

^ Who is this kid?? Wow.

Vandelay Industries wrote:
Well, for one thing, I think fundemental analysis of stocks is garbage. I do all my investing based upon intangible feel. I approach the stock market like I do sports betting.

This is the recipe for CEO success……….

Maybe some small time entrepreneurial success can be obtained by this insanity, but you’ve got decades of maturity before you can even think about leading anything in an established corporate. 

“I can no longer obey. I have tasted command, and I cannot give it up.”

Prophecy wrote:
Someday you’ll get it.  Rather than lyao, why not enlighten a level 1 candidate why is it such a mystery in picking stocks?  In your experience, why have you failed and others succeeded?

Why have you succeeded with this simplicity, when the vast majority of professional asset managers cannot beat indices despite all the resources in the world to do so?

“I can no longer obey. I have tasted command, and I cannot give it up.”

geo wrote:

^ Who is this kid?? Wow.

Vandelay Industries wrote:
Well, for one thing, I think fundemental analysis of stocks is garbage. I do all my investing based upon intangible feel. I approach the stock market like I do sports betting.

This is the recipe for CEO success……….

Maybe some small time entrepreneurial success can be obtained by this insanity, but you’ve got decades of maturity before you can even think about leading anything in an established corporate. 

Why is the intangible approach wrong? if the market is perfectly efficient and one cannot gain any sort of insight from fundamental or technical analysis, all that leaves us with is subjectivity

Vandelay Industries wrote:

Why is the intangible approach wrong? …

No investment approach is either totally wrong or right as a permanent or only approach. Each may prove to be the best in specific context of who is the investor, purpose of investment (long term/short term) and what is the goal/target. That is one reaps the harvest while another goes bust.